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Nabarro acquires more development sites for Lewis Trust Group

8 August 2011

Nabarro LLP has advised UK & European Investments ("UKI"), part of the Lewis Trust Group, on its acquisition of the Huntingdon Industrial Estate in Shoreditch together with the right to acquire two other sites comprising 30-32 Redchurch Street and land at Fleet Street Hill.

The development plans for the main site include a high quality residential, retail and leisure scheme. Planning proposals for the Huntingdon Industrial Estate include 27,425 square feet of commercial space and an iconic residential tower comprising 22 storeys of housing totalling 116 private residential apartments. In addition, UKI also agreed to acquire a separate site on Fleet Street Hill where 43 affordable housing units are proposed as part of the same planning application. A team from London & Newcastle has been retained as development manager.

This is an exciting redevelopment and major regeneration project for the client, having an end value of £100 million, and one which will put Shoreditch firmly on the map.

This acquisition follows the acquisition by UKI of five sites in Docklands, Wembley, Chiswick and Hammersmith which were acquired last month via a combination of corporate acquisitions and asset purchases.

Partner Caroline Maude led a cross-disciplinary team including partners and associates from Nabarro's Real Estate, Funds and Indirect Real Estate, Tax, Banking, Environmental, Real Estate Dispute Resolution and Employment teams.

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